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Inventory (Tables) | 3 Months Ended
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Mar. 31, 2023
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory were as follows ($000’s omitted):
| March 31, 2023 |  | December 31, 2022
Homes under construction | $ | 5,351,112 |  |  | $ | 5,440,186 |
Land under development | 5,346,687 |  |  | 5,134,432 |
Raw land | 647,228 |  |  | 679,341 |
Consolidated inventory not owned (a) | 86,850 |  |  | 72,058 |
| $ | 11,431,877 |  |  | $ | 11,326,017 |
(a) Consolidated inventory not owned includes land sold to third parties for which the Company retains a repurchase option.
Capitalized Interest Rollforward | Information related to interest capitalized into inventory is as follows ($000’s omitted):
| Three Months Ended |  |
| March 31, |  |
| 2023 |  | 2022 |  |  |  |
Interest in inventory, beginning of period | $ | 137,262 |  |  | $ | 160,756 |  |  |  |  |
Interest capitalized | 31,802 |  |  | 31,583 |  |  |  |  |
Interest expensed | (27,793) |  |  | (33,669) |  |  |  |  |
Interest in inventory, end of period | $ | 141,271 |  |  | $ | 158,670 |  |  |  |  |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements as of March 31, 2023 and December 31, 2022 ($000’s omitted):
| March 31, 2023 |  |  |  | December 31, 2022
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |  |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |
Land options with VIEs | $ | 218,460 |  |  | $ | 1,860,020 |  |  |  |  | $ | 213,895 |  |  | $ | 2,130,398 |  |  |
Other land options | 267,267 |  |  | 3,677,444 |  |  |  |  | 264,860 |  |  | 3,269,843 |  |  |
| $ | 485,727 |  |  | $ | 5,537,464 |  |  |  |  | $ | 478,755 |  |  | $ | 5,400,241 |  |  |

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